Echo Therapeutics Inc (ECTE) financial statements (2023 and earlier)

Company profile

Business Address 99 WOOD AVENUE SOUTH
ISELIN, NJ 08830
State of Incorp. DE
Fiscal Year End December 31
SIC 3845 - Electromedical and Electrotherapeutic Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

Current Assets
Cash, cash equivalents, and short-term investments561,2798,0553,747
Cash and cash equivalents561,2798,0553,747
Prepaid expense and other current assets76
Other undisclosed current assets2455431,3201,375
Total current assets:3011,8229,3755,198
Noncurrent Assets
Property, plant and equipment 1,1391,4961,638
Intangible assets, net (including goodwill) 9,6259,6259,625
Intangible assets, net (excluding goodwill) 9,6259,6259,625
Deposits noncurrent assets   1
Deferred costs  2,581968
Other noncurrent assets0102
Other undisclosed noncurrent assets236(1,139)(1,485)953
Total noncurrent assets:2379,63512,21813,185
Other undisclosed assets2681,1391,4961,638
TOTAL ASSETS:80512,59623,08920,022
Current Liabilities
Accounts payable and accrued liabilities2,7782,7702,4473,901
Accounts payable2,1761,8011,0362,319
Accrued liabilities6029681,4111,581
Debt  13
Derivative instruments and hedges, liabilities1272081,1195,585
Deferred revenue and credits  7690
Other undisclosed current liabilities330   
Total current liabilities:3,2352,9783,6449,579
Noncurrent Liabilities
Long-term debt and lease obligation, including:   1
Other undisclosed long-term debt and lease obligation   1
Liabilities, other than long-term debt96967690
Deferred revenue and credits96967690
Other undisclosed noncurrent liabilities   121
Total noncurrent liabilities:969676212
Total liabilities:3,3313,0743,7219,791
Stockholders' equity
Stockholders' equity attributable to parent, including:(2,526)9,52219,36810,231
Common stock111126118444
Additional paid in capital147,413137,292132,193103,659
Accumulated deficit(150,130)(127,932)(112,969)(93,902)
Warrants and rights outstanding  1,20912,540
Other undisclosed stockholders' equity attributable to parent8036(1,182)(12,510)
Total stockholders' equity:(2,526)9,52219,36810,231
TOTAL LIABILITIES AND EQUITY:80512,59623,08920,022

Income statement (P&L) ($ in thousands)

Revenue, net 57285
Financial services revenue81911  
Gross profit:81968285
Operating expenses(17,540)(12,377)(19,664)(15,045)
Other undisclosed operating loss(81)(911)  
Operating loss:(17,540)(12,320)(19,636)(15,040)
Nonoperating income (expense)(4,654)(2,639)5692,708
Loss on sale of capital leases, net(4,720)   
Interest and debt expense(15)(3,551)(3,900)455
Loss from continuing operations before income taxes:(22,210)(18,510)(22,967)(11,877)
Income tax expense(3)(4)  
Net loss:(22,213)(18,514)(22,967)(11,877)
Other undisclosed net income (loss) attributable to parent153,5513,900(455)
Net loss attributable to parent:(22,198)(14,963)(19,067)(12,332)
Other undisclosed net loss available to common stockholders, basic (350)(371) 
Net loss available to common stockholders, diluted:(22,198)(15,313)(19,439)(12,332)

Comprehensive Income ($ in thousands)

Net loss:(22,213)(18,514)(22,967)(11,877)
Comprehensive loss, net of tax, attributable to parent:(22,213)(18,514)(22,967)(11,877)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios


Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: